In this article, we will be looking at the top five gainers and losers of the week, providing a brief description of each cryptocurrency and its performance. All data is accurate as of June 24, 2023, on Coingecko.
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Top 5 Crypto Gainers of the Week
What is it: A deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.
PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin.
- Current price: $0.00000155
- Price change in the past 7 days: +74.4%
- Market cap: $608,345,780
- Trading volume: $481,665,096
What is it: The native coin of Stacks, a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
- Current price: $0.790185
- Price change in the past 7 days: +49.4%
- Market cap: $1,111,792,258
- Trading volume: $80,158,231
What is it: The native token of Conflux, a public layer-1 blockchain that was made to power decentralized applications (dApps), e-commerce, and web3 infrastructure by being more scalable, decentralized, and secure than existing protocols.
- Current price: $0.261984
- Price change in the past 7 days: +43.4%
- Trading volume: $136,938,214
What is it: The governance token of Centrifuge, a decentralized asset financing protocol. It connects decentralized finance (DeFi) with real-world assets (RWA) while trying to lower the cost of capital for small and mid-size enterprises (SMEs) and provide investors with a stable source of income.
The main goal of the project is to generate profits that are not tied to volatile crypto assets; the developers are pursuing the task of transferring real monetary value from fiat to cryptocurrencies.
- Current price: $0.246068
- Price change in the past 7 days: +42.1%
- Market cap:$88,960,781
- Trading volume: $706,131
Wrapped Centrifuge (WCFG)
What is it: The wrapped version of WCFG.
- Current price: $0.245006
- Price change in the past 7 days: +41.7%
- Market cap: $26,272,999
- Trading volume: $297,967
Top 5 Crypto Losers of the Week
What is it: The utility token of TomoChain, a project that attempts to improve the scalability of the Ethereum (ETH) blockchain. This is primarily done via increasing its transactions per second (TPS) capacity.
- Current price: $1.24
- Price change in the past 7 days: -17.5%
- Market cap: $125,765,271
- Trading volume: $12,696,037
Latest News: TomoChain Announces Partnership With AEX
What is it: The in-chain currency of tomi, a project engaged in the development of a decentralized alternative internet network to be used as the infrastructure platform for web3.
- Current price: $4.46
- Price change in the past 7 Days: -13.4%
- Market cap: $291,164,447
- Trading volume: $26,907,539
What is it: The governance token of Coinweb, a cross-chain computation platform that aims to deliver true interoperability for real-world usage. To achieve this, the project is already working with and actively approaching traditional businesses with mass customer bases to collaborate with.
- Current price: $0.02644286
- Price change in the past 7 Days: -8.8%
- Market cap: $44,364,013
- Trading volume: $366,445
What is it: The native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets.
- Current price: $6.67
- Price change in the past 7 Days: -7.4%
- Market cap: $575,732,330
- Trading volume: $1,373,140
What is it: The native token of BitTorrent, a popular peer-to-peer (P2P) file-sharing and torrent platform which has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.
- Current price: $0.000000473772
- Price change in the past 7 Days: -7.2%
- Market cap: $452,293,614
- Trading volume: $13,788,351
This article is published on BitPinas: PEPE, Stacks | Crypto Gainers and Losers | June 24, 2023
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.